June drags down FOHF average as gold hedge helps LCH


Apart from the emerging markets June was a month of further negative performance in the fund of hedge fund space. The emerging markets were up 0.12% for June and 1.03% for the year to date with HDF Emerging Markets Equity leading the way with 3.54% in June. Overall the InvestHedge Fund of Hedge Fund Composite was down -0.84% with the year to date also in negative territory at -0.95%.

Global multi-strategy funds of funds were down -0.96% for June and -1.16% for the year with Jim Melcher’s Balestra Spectrum Partners topping the three month returns, up 6%, but